Active

$4,000,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 11496 sq ft
Overview
  • ID: MFRO6300482
  • Bedrooms:
  • Bathrooms: 0
  • Size: 11496 sq ft
Property Details
Remarks
>>>> PRICE REDUCED!!! Owner wants offers and is motivated!!! <<<< The property is situated in a PRIME LOCATION, making it attractive for various business opportunities due to its accessibility and visibility. Located directly on E Irlo Bronson Memorial Highway and less than a 1/2 mile from the Florida Turnpike, the subject property is readily accessible to various local, county, state and interstate highways. Highway 17-92, highway 441, Florida Turnpike, Interstate 4 all pass within several miles of the site and serve as major communication and intra-regional transport routes linking Orlando, Kissimmee, St. Cloud, Melbourne, Tampa and Miami. This area continues to be developed and redeveloped, and the possibilities are promising. Currently there are 8 separate structures that include a single-story motel with 15 1st Floor units and 3 2nd Floor Units; several stand-alone apartments; and mobile homes, for a total of 40 RENTAL UNITS. The income is good, with the hotel/motel and additional rental units, and has a great upside potential, but the real value in this property is in the land. The income producing part of this property lies on the front 1 acre while the 1+ acre in the rear remains vacant just waiting to be developed. With a mix of residential and commercial opportunities, it is a versatile area for living, investment or redevelopment. This property presents a significant investment opportunity in a growing area of Kissimmee, Florida. Per the owner, "$30,000 Monthly Gross with $10,000 Monthly Overhead"
Financial Considerations
Price:
$4,000,000
HOA Fee:
N/A
Tax Amount:
$17530.55
Price per SqFt:
$347.95
Tax Legal Description:
BEG 186 FT S & 560 FT E OF SW COR SEC 29, N 24 DEG W 336 FT, N 84 DEG E 283.3 FT TO W LINE HWY, SELY ALONG W LINE HWY 350.9 FT, S 84 DEG W 326.3 FT TO POB PART SEC 29 & 32 LESS R/W HWY 441 AKA FRIENDLY VILLAGE INN MOTEL AND MOSS OAKS PB 1 PG 352 BLK C LOT 2
Exterior Features
Lot Size:
87991
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1955
Construction Type:
Block, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Northeast
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    2550 E IRLO BRONSON MEMORIAL HWY #H
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